If you follow real estate trends in Sarasota County you know that our market is finally enjoying a comeback after more than five years of lackluster sales. It took several quarters of falling home prices and declining interest rates—combined with recent improvements in the economy, labor market, our northern “feeder” markets and consumer confidence—to establish the sustained momentum we’re now experiencing.
Nothing illustrates the expanding breadth of our comeback quite as dramatically as the increase in luxury home sales during 2011. While unit sales throughout all price ranges was up by a respectable 7% over 2010, it was up by nearly 17 % for properties priced above $1 million. (Source: Trendgraphix®). Improvement is attributed to prices that have been generally reduced to 2001/2002 levels; or, put another way, that make it seem as though the “boom” never happened.
As in years past, the agents from Michael Saunders & Company continued to maintain a vastly oversized influence on the region’s luxury market in 2011. Accounting for 38.4% of sold dollar volume of homes above $1 million, they amassed nearly twice as much market share as their next closest competitor. (Source: Trendgraphix®)
If 2012 is your year to sell, the info-graphic above depicts another critical reason to choose an agent from Michael Saunders & Company. Long steeped in the complex intricacies of selling the luxury space, they found buyers for more closed transactions over $1 million in Sarasota County than all four of their closest major competitors combined; thus empowering the sellers to move on with their lives and pursue similar low-priced buying opportunities.